HBL Engineering declares dividend, sets AGM date and outlines key appointments

HBL Engineering Limited (formerly HBL Power Systems Limited) will hold its 39th Annual General Meeting (AGM) on Thursday, September 25, 2025, at 3:30 p.m. via video conference or other audio-visual means. The company announced a final dividend of H1 per equity share (100% dividend) for the financial year ended March 31, 2025, subject to shareholder approval at the AGM. The total cash outflow for this dividend will be H2,771.95 lakhs. The record date for dividend eligibility and e-voting is Friday, September 12, 2025, with book closure from Saturday, September 13, 2025, to Thursday, September 25, 2025.

The e-voting period for the AGM will commence on Monday, September 22, 2025, at 9:00 a.m. IST and conclude on Wednesday, September 24, 2025, at 5:00 p.m. IST. Shareholders registered as of the cut-off date, Friday, September 12, 2025, are eligible to participate and vote. The annual report for the financial year 2024-25, which includes the notice for the 39th AGM, has been circulated to shareholders electronically and is available on the company’s website.

Key appointments for the AGM include Dr. Aluru Jagadish Prasad as chairman and managing director for another five years (October 1, 2025, to September 30, 2030), with a basic salary of H72.00 lakhs per annum, and CS Vinay Babu Gade as secretarial auditor for five financial years from 2025-26 to 2029-30. HBL Engineering also reported a standalone revenue from operations of H1,946.13 crores for FY25, a 12% decrease from the previous year, with a profit after tax of H267.50 crores.